FDAAX vs. FFRHX
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund (FDAAX) and Fidelity Floating Rate High Income Fund (FFRHX).
FDAAX is managed by Franklin Templeton Investments. It was launched on Apr 30, 2001. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDAAX or FFRHX.
Correlation
The correlation between FDAAX and FFRHX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FDAAX vs. FFRHX - Performance Comparison
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Key characteristics
FDAAX:
1.56
FFRHX:
1.74
FDAAX:
2.85
FFRHX:
2.82
FDAAX:
1.53
FFRHX:
1.67
FDAAX:
1.98
FFRHX:
1.68
FDAAX:
8.87
FFRHX:
7.78
FDAAX:
0.60%
FFRHX:
0.71%
FDAAX:
3.46%
FFRHX:
3.17%
FDAAX:
-25.73%
FFRHX:
-22.19%
FDAAX:
0.00%
FFRHX:
-0.68%
Returns By Period
In the year-to-date period, FDAAX achieves a 0.79% return, which is significantly higher than FFRHX's 0.04% return. Over the past 10 years, FDAAX has underperformed FFRHX with an annualized return of 4.00%, while FFRHX has yielded a comparatively higher 4.54% annualized return.
FDAAX
0.79%
2.57%
1.92%
5.35%
7.98%
4.00%
FFRHX
0.04%
2.13%
1.36%
5.54%
7.58%
4.54%
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FDAAX vs. FFRHX - Expense Ratio Comparison
Both FDAAX and FFRHX have an expense ratio of 0.67%.
Risk-Adjusted Performance
FDAAX vs. FFRHX — Risk-Adjusted Performance Rank
FDAAX
FFRHX
FDAAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) and Fidelity Floating Rate High Income Fund (FFRHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
FDAAX vs. FFRHX - Dividend Comparison
FDAAX's dividend yield for the trailing twelve months is around 8.92%, more than FFRHX's 8.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 8.92% | 9.39% | 8.34% | 5.91% | 3.70% | 5.07% | 5.63% | 5.20% | 3.81% | 4.58% | 5.12% | 4.16% |
FFRHX Fidelity Floating Rate High Income Fund | 8.04% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
FDAAX vs. FFRHX - Drawdown Comparison
The maximum FDAAX drawdown since its inception was -25.73%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FDAAX and FFRHX. For additional features, visit the drawdowns tool.
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Volatility
FDAAX vs. FFRHX - Volatility Comparison
Franklin Floating Rate Daily Access Fund (FDAAX) has a higher volatility of 0.87% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.78%. This indicates that FDAAX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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